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Singtel to sell 20% stake in regional data centre business valued at $5.5 bil

September 19, 2023 /0 Comments/in Misc /by luminagrandec

Singtel Z74 2.07% has reached an agreement to sell a 20% stake in its regional data centre business to global investment firm KKR. KKR, through a fund it manages, will commit up to $1.1 billion in cash to this effort. This injection of capital puts the enterprise value of Singtel’s data centre business at $5.5 […]